Elon Musk will be allowed to use claims made in a Twitter lawsuit by whistleblower Peter Zatko (also known as Mudge) to walk away from a $44 billion (roughly Rs. 3.5 lakh crore) takeover deal. However, Delaware Court of Chancery Chancellor Kathleen McCormick reportedly confirmed that the trial will begin in October and will not be delayed. Musk’s legal team had argued for a five-day trial delay so they could investigate Zatko’s claims.
According to Reuters, Musk will be able to use Zatko’s claims in his legal defense, which allegedly suggests that Twitter intentionally concealed security weaknesses and data privacy issues.
Musk claimed that the reason for walking away from the $44 billion (roughly Rs. 3.5 lakh crore) deal was because Twitter had misrepresented data surrounding bot accounts on its platform.
However, Twitter has claimed that rising inflation and global political instability have given Musk cold feet after signing a deal to buy the social media platform for $54.20 (roughly Rs. 4,500) per share.
Additionally, Twitter’s lawyer read a message sent by Musk that appeared to indicate that Musk was not concerned about bot accounts. Musk has indicated he’s not interested in taking over Twitter if the world is “heading toward World War III.”
Notably, the agreement allows Musk to walk away from the deal under certain conditions, however, war is not specifically mentioned, the report said. If he loses the case, Musk will have to pay a $1 billion (roughly Rs. 8,000 crore) termination fee.
